Top Marijuana Stocks To Watch For More Momentum In The Market
For some time most marijuana stocks are still facing an increase in unpredictable trading patterns. To be fair marijuana stocks as a whole trade with a good amount of volatility which creates unpredictable patterns. Yet even with this up-and-down trading, there is still a chance to see some good gains. For example, as the sector is showing some pullback some top companies are at lower entry points. When a company is showing a lower share price it’s a good sign that it could be a good marijuana stock to buy. Once you have taken up a position in the marijuana stock or stocks of your liking waiting for the rise is the next step.
But what can help play a part to see this pick up so shareholders can take profits? To begin anytime a company can release important news that holds enough value to impact the over sector. For instance things such as mergers and acquisitions or reporting company financials or any progressive or even negative news. A catalyst like this is what can determine the way marijuana stocks can trade up or down. Also being able to know which companies react better to positive news is helpful too. The way you can achieve this is by doing your homework on each possible cannabis stock you may want in your portfolio. The companies below are some options to keep on your radar this month
Top Marijuana Stocks To Watch Right Now
- Curaleaf Holdings, Inc. (OTC:CURLF)
- Cresco Labs Inc. (OTC:CRLBF)
- Glass House Brands Inc. (OTC:GLASF)
Curaleaf Holdings, Inc.
Curaleaf Holdings, Inc. operates as a cannabis operator in the United States. It operates in two segments, Cannabis Operations, and Non-Cannabis Operations. The Cannabis Operations segment engages in the production and sale of cannabis through retail and wholesale channels.
In recent news, the company announced it has taken a majority stake and formed a strategic partnership with Germany’s Four 20 Pharma. Four 20 Pharma is among the largest cannabis operators in Germany, with a greater than 10% market share. From its inception, Four 20 Pharma has focused on bringing a top-quality flower to market.
Words From The CEO Of Curaleaf
Boris Jordan, Curaleaf Executive Chairman, stated, “By partnering with Four20 Pharma, Curaleaf’s European business will immediately gain additional critical mass and be in a superior position to capitalize on the accelerating trends in the European cannabis market. The opportunity in Europe cannot be understated, and Curaleaf is uniquely differentiated from other U.S. MSOs via our already significant presence as the largest and most licensed cannabis company in Europe.
Cresco Labs Inc.
Cresco Labs Inc. together with its subsidiaries cultivates, manufactures, and sells retail and medical cannabis products in the United States. On September 6th the company announced it has closed on the sale and leaseback with Aventine Property Group for Brookville, PA Facility.
The Brookville, PA property includes approximately 135,000 square feet of existing cultivation, manufacturing, and production capacity. This sale marks Cresco Labs’ first sale-leaseback transaction with Aventine.
Words From The Company
Cresco Labs CEO and Co-founder Charles Bachtell said, “This transaction further strengthens our company, unlocking valuable capital from our balance sheet. The scale and quality of our operations ensure access to capital at reasonable rates with strong financing partners like Aventine, even in volatile markets.
Glass House Brands Inc.
Glass House Brands Inc. cultivates, manufactures, retails, and distributes raw cannabis, and cannabis oil. Plus cannabis consumer goods to wholesalers and consumer packaged goods retail stores. In current company news, Glass House Brands just announced it has closed on Grover Beach and Lemoore Natural Healing Center Dispensary Acquisitions.
Consolidation of the financial results of the Grover Beach and Lemoore stores into Glass House Brands financials will begin effective immediately. Glass House aims to reach a revenue run rate of US$200M+ within the next year.
Words From Kyle Kazan
“It is with great pleasure and enthusiasm that I welcome the incredibly talented and hard-working staff at NHC Grover Beach and Lemoore into the Glass House Brands family,” Said Kyle Kazan.
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